Laws of New York (Last Updated: November 21, 2014)

Section 406. Notice of assignment; payments

Latest version.

Unless the buyer has notice of
  actual or intended assignment  of  a  contract,  obligation,  or  credit
  agreement  payment thereunder made by the buyer to the last known holder
  of such contract, obligation or credit agreement shall be  binding  upon
  all subsequent holders or assignees.

                    
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